Oct 19 2020

Texas Daily Ag Market News Summary Posted 4 years 40 days ago by Administrator Account

Daily Market Summary for October 19^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains has been slow on light demand with live purchases 2.00 lower than last week at 106.00. In Nebraska, negotiated cash trading has been limited on light demand with a few live purchases at 105.00, however not enough for a full market trend. Last week live purchases moved at 108.00 and dressed purchases moved at 169.00.  In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand, not enough purchases for a full market trend. Last week in the Western Cornbelt live purchases moved from 105.00-107.00 and dressed purchases moved from 167.00-168.00.

   

Negotiated Sales:

Confirmed:       14,911

Week Ago:          3,650

Year Ago:              188

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  20,000

Weighted avg. weight:       908 lbs.

Weighted avg. net price:    173.42

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     118,000

Week ago (est)                  117,000

Year ago (act)                    117,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.74… -0.29

Select:  191.84… -1.68

Choice/Select Spread: 17.90

Total Load Count: 114

            

Cutter Cow Cutout:

164.67… -2.90

   

CME Feeder Cattle Index for October 15^th:

140.22… -0.69

            

Futures Settlements…

Live Cattle:

October: 104.00… -3.15

December: 105.15… -3.47

February: 108.17… -3.30

   

Feeder Cattle:

October: 134.60… -3.50

November: 130.07… -4.95

January: 125.22… -4.10

     

December Hogs: 71.42… +1.62

November Crude Oil: 40.83… -0.05

   

December Corn: 4.0525… +0.0325

December Wheat: 6.2700… +0.0175

   

Grain Cash Bids:

Kansas City Corn: 3.73… +0.02

Kansas City Wheat: 5.31… +0.04

   

Financial Markets:

DJIA: 28,195.42… -411.42

S & P 500: 3,426.92… -56.99

NASDAQ: 11,478.88… -192.68

U.S. Dollar Index: 93.43… -0.25